Lazard Declares Quarterly Dividend of $0.50 Per Share

Rhea-AI Summary

Lazard Ltd (NYSE: LAZ) has announced a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is scheduled for payment on November 18, 2022, to stockholders of record as of November 7, 2022. This decision reflects the company's commitment to returning value to its shareholders while maintaining operational stability.

Operating in 41 cities across 26 countries, Lazard specializes in financial advisory and asset management services, contributing to its longstanding reputation since 1848.

Positive

• Quarterly dividend of $0.50 per share highlights shareholder return strategy.
• Dividend payment date of November 18, 2022, indicates confidence in cash flow stability.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on November 18, 2022, to stockholders of record on November 7, 2022.

About Lazard

Lazard, one of the world's preeminent financial advisory and asset management firms, operates from 41 cities across 26 countries in North, Central and South America, Europe, Asia and Australia. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221026005902/en/

Media:

Judi Frost Mackey, +1 212 632 1428

judi.mackey@lazard.com

Investor:

Alexandra Deignan, +1 212 632 6886

alexandra.deignan@lazard.com

Source: Lazard Ltd

FAQ

What is the dividend amount announced by Lazard Ltd?

Lazard Ltd announced a dividend amount of $0.50 per share.

When will Lazard Ltd's dividend be paid?

The dividend will be paid on November 18, 2022.

Who are the stockholders of record for Lazard Ltd's dividend?

The stockholders of record for the dividend are those on record as of November 7, 2022.